Gold Prices Await U.S. Inflation Data
Update: 2025-11-24
Description
Gold prices held steady as investors anticipated crucial economic data, including U.S. Personal Consumption Expenditures, to influence the Federal Reserves interest rate decisions. Spot gold remained around $2,322.39 per ounce, while U.S. gold futures slightly increased. Experts predict gold will likely stay within a narrow range, potentially rising if PCE data is lower than expected, but dropping if its stronger. Several Federal Reserve officials will speak this week, adding to market uncertainty. The market currently expects a 50% chance of a rate cut in September, making this weeks data pivotal in shaping those expectations. Silver, platinum, and palladium also experienced minor declines.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
